Option ARMS Toughest To Modify, Says B of A

Bank of America Merrill Lynch researchers have concluded that option adjustable-rate mortgage are considered the “least modifiable” under the governments Home Affordable Modification Program.

  • 10 Feb 2010
Bank of America Merrill Lynch researchers have concluded that option adjustable-rate mortgage are considered the “least modifiable” under the governments Home Affordable Modification Program. The researchers found that while generally collateral with higher delinquencies experience higher rates of modifications, options ARMS don’t follow that trend because they do ...

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